Time series & moving average methods
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I need help with the following questions:
1. To make a forecast which is accurate over time requires historical data.
True
False
2. No single forecasting method is superior to another.
True
False
3. Time-series models rely on judgment in an attempt to incorporate qualitative or subjective factors into the forecasting model.
True
False
4. A moving average forecasting method is a causal forecasting method.
True
False
5. Qualitative models produce forecasts that are little better than simple guesses or coin tosses.
True
False
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Solution Summary
This explains the concept of Time series & moving average methods
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1. True
2. True
3. True
4. False
5. True
CAUSAL FORECASTING METHODS
They are based on a known or perceived relationship between the factor to be forecast and other ...
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